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#635705 - 11/08/06 04:52 PM Sweeps & AFT
Kari Offline
100 Club
Kari
Joined: Sep 2002
Posts: 131
PA
Are sweeps out of a savings account counted as an Automatic Funds transfer within the same institution with regard to Reg D's limitiations on transactions.

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#635706 - 11/08/06 08:02 PM Re: Sweeps & AFT
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,684
Cape Cod
Absolutely. Sweeps into the savings account aren't limited. Sweeps out are subject to the six transfers per month limit.
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